Inflation jumps in Norway
October 11, 2008Norway's core inflation rate is rising much faster than analysts had expected. Prices are going up along with interest rates, putting a further squeeze on consumers.
State fund to cover Kaupthing Bank's deposits
October 11, 2008Norway's bank deposit insurance fund will need to shell out NOK 1 billion of its reserves to cover deposits in the failed Icelandic bank Kaupthing. For the first time since World War II, some depositors will lose some of their money.
Nobel Peace Prize goes to peace broker Ahtisaari
October 11, 2008The Norwegian Nobel Committee awarded the Nobel Peace Prize for 2008 on Friday to former Finnish President Martti Ahtisaari, for his "important efforts" in helping solve international conflicts. Ahtisaari is believed to have been a candidate for several years.
Short selling financial stock temporarily banned
October 9, 2008The Norwegian Financial Supervisory Authority (Kredittilsynet) has issued a temporary ban on short selling financial stocks.
Strong opening on Oslo Stock Exchange Thursday
October 9, 2008Thursday trading sent the main share index up by 6 percent before 10am.
Tromsø booster wants heads to roll
October 9, 2008Former cross-country star Vegard Ulvang wants both the head of the Sports Confederation Tove Paule and the head of the Norwegian Ski federation Sverre Seeberg to resign after the sports governing body decided against supporting Tromsø?s application for government guarantees to host the 2018 Winter Olympics.
Conservatives make demands on the Progress Party
October 9, 2008Party leader Erna Solberg has four non-negotiable demands if the Conservatives are going to form a government with the Progress Party.
StatoilHydro directors quit over Libya deals
October 9, 2008Tore Torvund and Morten Ruud are leaving StatoilHydro with immediate effect. Their departure is connected with reports which indicate that Hydro was involved in corruption in Libya between 2000 and 2001.
Terrorist suspect allowed to go to Mecca
October 9, 2008A Norwegian citizen, with a background from Somalia, who has been charged with financing terrorism, will be allowed to go on a pilgrimage to Mecca in December.
The budget aims to give full employment
October 9, 2008Prime Minister Jens Stoltenberg thinks that the 2009 budget proposal will maintain full employment, an ordered economy and the continued development of the welfare state.
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